Total to change its name in pivot away from oil after stronger quarter
French oil and gas major looks to reduce the share of sales it derives from oil products over the next decade
09 February 2021 - 17:07
Paris — France's Total on Tuesday posted better than expected earnings in the fourth quarter as oil prices stabilised, and said it would change its name as part of a push to diversify and grow renewable power and electricity production.
The French oil and gas major, which like rivals suffered in 2020 as fuel consumption tumbled during the pandemic, said it would rebrand as Total Energies as it tries over the next decade to reduce oil products to a third of its sales from over half now...
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